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IO Inca One Gold Corp

0.41
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Inca One Gold Corp TSXV:IO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.41 0.395 0.41 0 01:00:00

Inca One Prepares for Bulk Sampling from High-Grade Los Angeles Vein at Corizona

30/04/2013 4:45pm

Marketwired Canada


INCA ONE RESOURCES CORP. (TSX VENTURE:IO) -("the Company" or "Inca One") is
pleased to announce that it and its operating partner at the Corizona Gold
Project in Lima Peru, Canadian Mining SA ("the Partners"), have commenced
preparations for initial bulk sampling from the Los Angeles Vein (formally Vein
B).


To date blasting, widening and timbering of Level 0 of the Los Angeles Vein has
been completed while the shaft between Level 0 and Level -2 is being prepared to
access the vein on Level -2 for bulk sampling. Level -2 of the Los Angeles Vein
runs both East and West. The Partners plan to extract 20 tpd of Vein material
from the two faces on Level -2 during the bulk-sampling program. 


Once Level -2 commences material extraction, a 15m shaft down to Level -3 will
be developed to provide two additional active faces.


During the development of the Los Angeles tunnel, the Partners are reviewing
various milling operations to process the material from Corizona. 


"We are very pleased with the rapid, on-budget execution of our operations team
in advancing Corizona," said Edward Kelly, President& CEO of Inca One. "Nine
staff members have been hired, we have a fully operational office and
infrastructure in place and we're now procuring all necessary equipment to
expedite the bulk sampling program."


The Corizona project is subject to a formalization process, which allows
exploration and production of up to 350 tons per day while working toward formal
operating permits and authorizations. Canadian Mining is a private Peruvian
company, which has an option to acquire the project from the underlying property
owner. It is submitting an IGAC (corrective environmental management instrument)
to the Ministry of Energy and Mines as due procedure to obtain commercial
operating permits.


More information on the company and its projects can be found at www.incaone.com.

On behalf of the Board,

INCA ONE RESOURCES CORP.

Edward Kelly, President& CEO

Statements in this press release regarding the Company which are not historical
facts are "forward-looking statements" that involve risks and uncertainties.
Such information can generally be identified by the use of forwarding-looking
wording such as "may", "expect", "estimate", "anticipate", "intend", "believe"
and "continue" or the negative thereof or similar variations. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties such as the risk that the
closing may not occur for any reason. Actual results in each case could differ
materially from those currently anticipated in such statements due to factors
such as: (i) the inability of the parties to consummate the definitive letter
agreement; (ii) fluctuation of mineral prices; (iii) a change in market
conditions; (iv) the inability to produce the technical report for any reason
whatsoever; and (v) the refusal of the Exchange to accept the proposed
transaction for any reason whatsoever. Except as required by law, the Company
does not intend to update any changes to such statements.


Investors should note that no resource has been established on the Corizona
Property in respect of which the bulk sampling program has been initiated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
KIN Communications
1-866-684-6730
1-604-684-6730
io@kincommunications.com
www.kincommunications.com

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